Can anybody give me ratio in the case of partnership firm for asst year 2010-11 I really need..........
Menu
Ratio of Remuneration in the case of Partnership firm
Replies (1)
Monetary ceiling limit has been revised for both Professionals/non professionals which is given as under:
Book Profit Amount deductible in respect of remuneration.
If book profit is negative Rs.150000
On first Rs.300000 Rs.150000 or 90% of book profit, Whichever is more.
On Balance 60% of book profit.
Recent Topic
- 194JB INCOME
- Filing ITR3 where income under section 44AD with L
- What is superannuation fund
- GST Refund of input services under Inverted Duty S
- Dividend Reporting
- Real operational bottlenecks after firms use Tally
- Purchase return under gst
- Long Term Capital Loss - cannot be carried forward
- Cross-utilization of ITC between Trading and Resta
- Form 121 eligibility for non deduction of TDS for
Related Topics
CAclubindia
